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NCUA Board Approves Proposed Complex CU Rulemaking for Comment

Board members also approve a request for information from CU leaders concerning the use of digital assets.

NCUA official seal NCUA official seal. (Source: NCUA)

Two issues on the NCUA board agenda Thursday received approval from all three members. In a 3-0 vote, board members voted to ask for comments on the proposed rulemaking for the complex credit union leverage ratio, as well as agreed to ask the industry for information concerning the potential future of using cryptocurrency and digital assets in the marketplace.

The notice of request for comment for the proposed rulemaking to amend the NCUA’s capital adequacy regulation aims to provide a simplified measure of capital adequacy that federally-insured credit unions that are classified as complex can opt into. Complex credit unions are those with assets of more than $500 million.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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